0%
Installment Plans
Valid till 30th of April 2023
Terms & Conditions Apply. Kindly refer to each bank/credit card offer for its exact validity period & how to apply for 0% installment plans.
"Click" on your Bank,
for more information
For LOLC Finance
- Installment Plans for payments made on MyFees.lk valid until the 30th of April 2022.
- Installment option - 6 months, 12 months and 24 months & 36 months.
- Minimum Transaction value should be Rs. 10,000/-.
- To convert to an Installment Plan, Call +9411 571 88 88 within 7 calendar days of performing the transaction and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- Call and convert is applicable across all LOLC finance credit cards.
Fee Structure
| EPP Tenure | Processing Fee |
|---|---|
| 6 Months | 4% |
| 12 Months | 6% |
| 24 Months | 10% |
| 36 Months | 11.50% |
The Processing Fee will be added to the 1st Instalment as a onetime settlement and rest of the Instalments shall remain as equal values across the chosen tenure.
Example Calculation
| 6 Months Plan | |
|---|---|
| Loan Value | 100,000 |
| One time processing fee | 4% |
| Duration | 6 Months |
| Processing Fee | 4000 |
| Interest Rates | 0% |
| Client Installment | 16,667.67 |
Example Monthly Repayment Structure
| Month | Transaction Value | Installment |
|---|---|---|
| 0 | 100,000 | 20,666.67 |
| 1 | 16,667.67 | |
| 2 | 16,667.67 | |
| 3 | 16,667.67 | |
| 4 | 16,667.67 | |
| 5 | 16,667.67 | |
| 6 | 16,667.67 |
*General Bank Terms and conditions apply.
For NDB Bank Credit Cardholder
- Installment Plans up to 24 months available till the 30th of April 2023.
- Handling fee applies based on selected tenure.
- Please contact NDB contact center on +94 11 244 8888 prior to applying.
- Transaction value should be between Rs. 10,000/- and Rs. 500,000/-.
- To convert to an Installment Plan, make a request online via https://www.ndbdigital.com/myfees/ soon after the payment is made.
- For more information, visit https://www.ndbbank.com/card-offers
*Terms and conditions apply
For Seylan Bank Credit Cardholder
- Installment Plans for payments made on MyFees.lk are valid until the 30th of April 2023.
- 0% Epp Tenure - 03 months only.
- Transaction value should be between Rs. 15,000/- and Rs. 1,000,000/-.
- To convert to an Installment Plan, Cardholders are required to call Seylan 24Hr Call Centre 011 2008 888 within 7 days of the transaction to request the transaction conversion to the desired repayment period.
- The Bank reserves the right to change the above rates at any time appropriately.
- In the event an early settlement of the payment plan is required, the cardholder can do so by settling the remaining installment amount to the credit card and the upfront handling fee which was charged at the time of the transaction conversion will not be refunded back under any circumstances.
*Terms and conditions apply
For Union Bank Credit Cardholder
- 0% Installment Plans for payments made on MyFees.lk until the 30th of April 2023.
| Gold and Platinum Card Holders | Signature Card Holders |
|---|---|
| 0% installment plans for 03, 06, & 12 months |
0% installment plans for 03, 06, 12 & 24 months |
| Minimum transaction Value 25,000/- | |
- Call Union Bank On 0115 800 800 within 14 days of performing the transaction and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- This offer is not valid for commercial purpose transactions.
- The Bank has the right to request for billing proof / invoices from the customer in order to convert transactions.
- Promotion eligibility is only on one time transactions. (Transactions cannot be split and combined in order to convert in to ESP).
- One card member is entitled to convert maximum of five (5) transactions at a single merchant establishment for the entire promotion period.
- Primary cardholder and supplementary card accounts will be considered as one account
- General credit card terms and conditions will continue to apply.
To convert to an Installment Plan
Other important T&C
For People's Bank Credit Cardholders
| Minimum and maximum values | Maximum Tenor ( Months) |
|---|---|
| Rs. 25,000 – Rs. 1,000,000 | Up to 24 |
Promo effective period - 10th February 2023 – 15th January 2024
Terms & Conditions
- The promotion is open to all Credit Cards issued by People’s Bank.
- Customers can convert transactions within the Credit Card Limit.
- People’s Bank accepts no liability for the quality of goods and services purchased during the promotional period.
- If any dispute arises regarding any of the Terms and Conditions contained herein, the decision of the Bank shall be final.
- The Bank reserves the right to modify or change all or any of the rules applicable to this Promotion and/or features of this Promotion at any time and also reserves the right to extend or shorten the duration of the Promotion and/or withdraw or cancel the Promotion at any time without prior notice.
- The promotion is bound by the terms & conditions of the People’s Bank and the service establishment.
- General terms and conditions pertaining to Credit Cards of the Bank will continue to apply
Call Center: 1961
*Terms and conditions apply
For Sampath Bank Credit Cardholder
- Enjoy 06 Months 0% Interest Extended Settlement Plan on Educational Paymentsfor all Sampath Mastercard, Visa Credit Cardholders and Sampath Bank American Express® Credit Cardmembers.
- Promotion Period - 01st January to 30th April 2023
- Eligible Card Categories - Sampath Mastercard, Visa Credit Cardholders and Sampath Bank American Express® Credit Cardmembers.
- This offer is valid only for Sampath Mastercard, Visa Credit Cardholders and Sampath Bank American Express® Credit Cardmembers (Excluding Corporate Cards).
- In order to enjoy the promotion, the full payment needs to be settled with a Sampath Mastercard, Visa or Sampath Bank American Express® Credit Card.
- The offer is valid for transactions performed between01st January to 30th April 2023.
- The minimum bill value should exceed LKR 25,000/- in order to be eligible for 06 months 0% Interest Extended Settlement Plan.
- A maximum of 3 transactions per cardholder will be eligible during the promotion period and multiple transactions shall not be combined when converting to installments.
- Cardholder should contact the Bank Customer Care Centre via 011-2300604 within 30 days from the transaction date to convert the transaction in to 06 months extended settlement plan after making the payment direct at the partner location.
- Until the customer request is received and the transaction is converted by the Bank, any interest already charged on account of the transaction will not be reversed.
- Offer cannot be combined with any other existing offers.
- All instalment amounts paid are non – refundable and each instalment period of the payment plan as approved by the Bank may not be varied.
- Once submitted, the details of the instalment plan requested above cannot be changed and part acceleration is not allowed.
- The Bank accepts no responsibility in any way for any goods / services purchased and any dispute relating to same should be resolved by the Cardholder directly with the merchant and any claim by the Cardholder against the merchant will not relieve the Cardholder from his/her obligation or repayment to the Bank.
- The general Terms & Conditions of Sampath Bank and Partners shall apply.
- In the event of any dispute, the decision of the Bank shall be final.
- The Bank reserves the right to modify or change the Terms & Conditions of the offer.
Terms & Conditions
For Commercial Bank Credit Cardholders
| Installment Tenure | Handling Fee |
|---|---|
| 6 Months | 5.5% |
| 12 Months | 9% |
- Installments valid till 30th of April 2023.
- Minimum transaction value for conversion per Credit Cardholder per transaction will be Rs. 10,000/-.
- To convert to an Installment Plan, Call 011 2 353 353 within 7 working days of performing the transaction and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- General Credit card Terms and Conditions apply.
- The Bank reserves the right to modify or change the Terms and Conditions applicable for the offer.
*Terms and conditions apply
For HNB Credit Cardholders
| Installment Tenure | Handling Fee |
|---|---|
| 3 Months | 0% |
| 6 Months | 0% |
- Installment Plans for payments made on MyFees.lk until the 30th of April 2023.
- Transaction value should be between Rs. 10,000/- and Rs. 1mn.
- To convert to an Installment Plan, Call 0112 462 462 within 5 calendar days of performing the transaction and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- For more information, Visit here.
*Terms and conditions apply
For DFCC Bank Credit Cardholders
- 0% Installment Plans for payments made on MyFees.lk are applicable until the 28th of February 2023 .
- Installment options are availabe Upto 60 months.
- EPP tenure and bank charges:-
- To convert to an Installment Plan, Call 011 2 350 000 within 5 working days of performing the transaction and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- General Credit card Terms and Conditions apply.
- The Bank reserves the right to modify or change the Terms and Conditions applicable for the offer.
| Installment Tenor | Processing fee per month | Setup fee |
|---|---|---|
| 3 Months | 0% | 1500 |
| 6 Months | 0% | 1500 |
| 7 Months | 1.57% /Per Month | 1500 |
| 9 Months | 1.33% /Per Month | 1500 |
| 12 Months | 1.29% /Per Month | 1500 |
| 18 Months | 1.13% /Per Month | 1850 |
| 24 Months | 0.93% /Per Month | 2000 |
| 36 Months | 0.80% /Per Month | 2350 |
| 48 Months | 0.79% /Per Month | 2500 |
| 60 Months | 0.71% /Per Month | 2750 |
Maximum Transaction Value - LKR 600,000 |
||
*Terms and conditions apply
For all Sampath Mastercard, Visa Credit Cardholders and Sampath Bank American Express® Credit Cardmembers
- 0% Installment Plans for payments made on MyFees.lk until the 30th of September 2021.
- Installment option - 6 months.
- Minimum transaction value should exceed Rs. 15,000/- in order to be eligible for the promotion.
- To convert to an Installment Plan, Call 011 2 300 604 within 14 days of performing the transaction, and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
*Terms and conditions apply
For Nations Trust Bank American Express Cardmembers
- 0% Installment Plans for payments made on MyFees.lk until the 28th of February 2022.
- Installment options - Up to 12 months.
- Minimum transaction value - Rs. 10,000/-.
- To convert to an Installment Plan, Call 0114 414 141 within 14 calendar days of performing the transaction and make sure to mention that the payment was made via the payment portal MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- Call and convert is only applicable for Nations Trust Bank American Express Cards.
- If you wish to opt for a 0% Installment Plan by Nations Trust Bank American Express, we kindly request you to first check whether your school/institute accepts Amex for payments via MyFees.lk.
*General Bank Terms and conditions apply.
For Cargills Bank Credit Cardholders
- 0% Installment Plans Are Applicable Until The 31th of January 2022.
- Installment Conditions.
- 12 months Installment Plans Only
- Rs. 1000/- Processing fee per conversion
- Transaction value should be between Rs. 30,000/- and Rs. 200,000/-
- To convert to an Installment Plan, Call 0117 640 640 Or WhatsApp 0765 022 397 within 14 days of performing the transaction and make sure to mention that the payment was made via MyFees.lk (Owned and operated by Convenienza Solutions (Pvt) Ltd).
- Each cardholder will be able to convert only individual transactions during the Promotional Period.
- The Bank reserves the right to modify or change the Terms and Conditions applicable for the offer.
*Terms and conditions apply
